Publications by Date

1995
Frankel J, Wei S-J, Stein E. APEC and Regional Trading Arrangements in the Pacific. Pacific Trade and Investment: Options for the 90's . 1995 :289-312. Publisher's Version
Frankel J. How Well Do Foreign Exchange Markets Function: Might a Tobin Tax Help?, in Conference on New and Innovative Sources of Financing Development. ; 1995. Publisher's Version
Frankel J, Wyplosz C. A Proposal to Introduce the ECU First in the East. Institute for International Economics. 1995. Publisher's Version
Frankel J. Monetary Regime Choices for a Semi-Open Country. In: Capital Controls, Exchange Rates and Monetary Policy in the World Economy . Cambridge: Cambridge University Press ; 1995. Publisher's Version
Frankel J. The Obvious Peso Blunder at Treasury. Committee on Banking, Finance and Urban Affairs. 1995. mexdeval2-27-95.pdf
Frankel J, Rose A. Exchange Rate Crises in Emerging Markets. International Economic Department of the World Bank. 1995. Publisher's Version
Frankel J, Chinn M. Who Drives Real Interest Rates in the Pacific Rim: The United States or Japan?. Journal of International Money and Finance. 1995;14 (6) :801-821. Publisher's VersionAbstract

This paper investigates the relative influence of US and Japanese real interest rates in the determination of local Pacific Rim rates, where influence is defined by the presence of common stochastic trends. Furthermore, the degree to which long run real interest parity holds is examined. The cointegration testing methodology of Johansen (1988) is adopted for this analysis, which allows for multiple cointegrating vectors. The results indicate that Hong Kong, Malaysia and Taiwan are linked with both the US and Japan (in terms of cointegration and positive covariation), while only Singapore is solely linked with the US. On the other hand Korea, and perhaps Indonesia and Thailand appear to be more closely linked with Japan. Real interest parity holds for only the following interest rate pairs: US-Singapore, US-Taiwan and Japan-Taiwan.

1994
Frankel J, Lown C. An Indicator of Future Inflation Extracted from the Steepness of the Interest Rate Yield Curve Along its Entire Length. Quarterly Journal of Economics. 1994;109 (2) :517-530. Link
Frankel J. Introduction. In: The Internationalization of Equity Markets. University of Chicago Press ; 1994. Link
Frankel J, Wei S-J. Yen Bloc or Dollar Bloc? Exchange Rate Policies of the East Asian Economies. Macroeconomic Linkages: Savings, Exchange Rates and Capital Flows. 1994;3. Publisher's Version
Frankel J. The Making of Exchange Rate Policy in the 1980s. American Economic Policy in the 1980s. 1994. Publisher's Version
Frankel J. Clinton's Dollar Policy and The Effectiveness of Foreign Exchange Intervention. Revue d'Economie Financiere. 1994 :125-137. Publisher's Version
Frankel J. Concerted Interventions and the Dollar: An Analysis of Daily Data. In: The International Monetary System in Crisis and Reform: Essays in Memory of Rinaldo Ossola. Cambridge: Cambridge University Press ; 1994. pp. 242-247. Publisher's Version
Frankel J, Chinn M. Are Exchange Rate Expectations Biased? Tests for a Cross-Section of 17 Countries. NBER Working Paper Series. 1994;(3807). Publisher's Version
Frankel J, Wei S-J. A "Greater China" Trade Bloc?. China Economic Review. 1994;5 (2) :179-190. Publisher's Version
Frankel J. Is Japan Establishing a Trade Bloc in East Asia and the Pacific?. In: The Structure of the Japanese Economy: Changes on the Domestic and International Fronts. Macmillan Press ; 1994. pp. 387-415. Publisher's Version
Frankel J, Chinn M. Financial Barriers in the Pacific Basin: 1982-1992. Journal of Economic Integration. 1994;9 (1) :62-80. Publisher's Version
Frankel J, Chinn M. Financial Links Around the Pacific Rim: 1982-1992. Exchange Rate Policy and Interdependence: Perspectives from the Pacific Basin. 1994 :17-47. Publisher's Version
Frankel J, Wei S-J. Is a Yen Bloc Emerging?. Economic Cooperation and Challenges in the Pacific. 1994;5. Publisher's Version
Frankel J, Kahler M. Regionalism and Rivalry: Japan and the United States in Pacific Asia. Chicago: University of Chicago Press; 1994. Publisher's Version

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